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JAPAN
Jun 25, 1997

Corporate Governance: Take charge from within

A more balanced internal structure and chain of responsibility are the key to stemming the rash of corporate misconduct plaguing the country's major firms, according to Takanori Matsuura, an expert in Japanese corporate culture.
JAPAN
Jun 20, 1997

Next ANA chief wants stability after upper-level turmoil

Harmony and cooperation are his motto, says Kichisaburo Nomura, the president-designate of All Nippon Airways Co., which has been recently rocked by turmoil in top management over personnel matters.
JAPAN
Jun 20, 1997

Insurers finalize Nissan Mutual liquidation scheme

The Life Insurance Association of Japan endorsed a liquidation scheme June 20 for Nissan Mutual Life Insurance Co. that will create a new entity to manage its policies and write off an estimated 100 billion yen worth of the failed insurer's debts over a period of five years.
JAPAN
Jun 18, 1997

Ex-patient faces 15 years for killing his doctor

Prosecutors demanded a 15-year prison term June 18 for a 39-year-old Saitama Prefecture man accused of murdering his former doctor in a Tokyo railway station in 1994.
JAPAN
Jun 16, 1997

New venture promises free home-page setups

Internet users will be able to open their home pages for free in a "cybercity" that will be launched as early as September, Softbank Corp. and California-based GeoCities Corp. announced June 16.
JAPAN
Jun 13, 1997

Taunting killer's note linked to word processor

KOBE -- Investigators have pinpointed the maker of a word processor believed used by the killer of an 11-year-old Suma Ward boy last month to write a message sent to the daily Kobe Shimbun, informed sources said June 13.
JAPAN
Jun 11, 1997

JAS to ax or restructure unprofitable routes

As part of its mid-term management plan, Japan Air System Co., will restructure some 20 domestic routes running in the red, including the suspension of some services, JAS President Hiromi Funabiki said on June 11.
JAPAN
Jun 11, 1997

Sony ships 16 millionth PlayStation

Sony Computer Entertainment Inc. announced June 11 that total shipments of its PlayStation home video game machine reached 16 million as of the end of May.
JAPAN
Jun 9, 1997

Keidanren suspends DKB, Nomura over 'sokaiya' outlays

The Japan Federation of Economic Organizations (Keidanren) will suspend Nomura Securities Co. and Dai-Ichi Kangyo Bank from participation in its activities for a year due to their recent involvement in dubious activities, the federation's chairman, Shoichiro Toyoda, said June 9.
JAPAN
Jun 9, 1997

Sansei cop urges revival of traditional Japanese values

Good, old Japanese values are dying out in Japan but still thrive outside the country, says a former Los Angeles police detective who led an international probe into a 1981 murder case widely known here as "L.A. suspicion."
JAPAN
Jun 5, 1997

Nomura ex-chief denies knowledge of 'sokaiya' payoffs

Yoshihisa Tabuchi, former president of Nomura Securities Co., maintained June 5 in unsworn Diet testimony that he had nothing to do with the alleged illegal payoffs by the nation's largest brokerage to a "sokaiya" corporate extortionist.
JAPAN
Jun 2, 1997

Kankeiren woos NTT headquarter move to Osaka

OSAKA -- Yasuo Shingu, chairman of the Kansai Economic Federation (Kankeiren), June 2 expressed hope that Nippon Telegraph and Telephone Corp. will set up its western regional headquarters in Osaka after its expected breakup.
JAPAN
May 29, 1997

ANA's Yoshikawa declines president's post

The feud among top managers at All Nippon Airways took an unusual twist May 29 as the airline announced that its president-designate had withdrawn his nomination and a new president had been appointed.
JAPAN
May 29, 1997

Hospitals free to inflate charges for uninsured patients

A 54-year-old Filipino woman living in Inage, Chiba Prefecture, was taken ill in April and had to use an ambulance to go to a hospital in the city of Chiba. She was suffering from acute appendicitis and needed immediate surgery.
JAPAN
May 28, 1997

Quadriplegic sues BMW over air bag accident

OSAKA -- A 66-year-old man who was paralyzed in a car accident filed a lawsuit May 27 against the company that imported the vehicle and the dealer he bought it from, claiming he was severely injured because the air bag failed to deploy.
JAPAN
May 23, 1997

The Asahara Trial: Commuter recalls gas attack victims

A Tokyo company employee described in court May 23 how he helped three victims of the 1995 nerve gas attack on the Tokyo subway system, for which some members of the religious cult Aum Shinrikyo are now on trial.
JAPAN
May 23, 1997

Ogawa Securities to shut down

OSAKA -- Ogawa Securities Co., burdened with mounting bad loans, will halt operations May 27 and plans to go out of business July 31, the company said May 23.
JAPAN
May 22, 1997

ANA feud takes new twist: Wakasa to resign from board

Tokuji Wakasa, the powerful and controversial 82-year-old honorary chairman of All Nippon Airways, will resign as a board member next month in an apparent move to take responsibility for a recent feud that shook the firm's top management.
JAPAN
May 16, 1997

Forex decontrols kick off 'Big Bang'

The Diet enacted a law May 16 that ends the monopoly of banks in the foreign exchange business, allowing other companies and individuals to freely sell and buy foreign currencies and initiating the first of the "Big Bang" reforms.
JAPAN
May 16, 1997

Wakasa likely to resign over ANA reshuffle

Tokuji Wakasa, honorary chairman of All Nippon Airways, is likely to resign as a board member to take responsibility for confusion over the airline's personnel change in senior management, sources said May 16.
JAPAN
May 15, 1997

Second-tier brokerages post dismal results

Low stock prices in the latter half of fiscal 1996 spelled dismal results for nine of the nation's 10 second-tier brokerages, almost all of which posted pretax losses for the year that ended in March, according to unconsolidated earnings reports released May 15.
JAPAN
May 12, 1997

Earthquake in Tohoku interrupts trains

A strong earthquake measuring 4 on the Japanese seismic scale to 7 jolted a wide area of northeastern Japan on early May 12, interrupting railway and expressway services. There were no immediate reports of injuries.
JAPAN
May 12, 1997

Callback services draw telecom giants' ire

Callback services, though introduced in Japan almost five years ago, continue to thrive under a certain veil of mystery.
JAPAN
May 9, 1997

Forced wartime laborer demands action, apology

A 75-year-old Korean resident applied to the Japan Federation of Bar Associations May 9 to take action over wartime forced labor, seeking an apology and compensation from the Japanese government and a mining company.
JAPAN
May 8, 1997

Religious group Ho-no-Hana failed to report income

A controversial religious group in Shizuoka Prefecture has failed to report some 4.7 billion yen in income, tax officials said May 8.
JAPAN
May 8, 1997

Making sense of the tax mystery for foreigners

Japan's tax system appears to be one of the most difficult concepts for foreigners to understand. It would come as no surprise if a foreigner working in the country -- in particular someone employed without a proper visa -- knew little or nothing about income tax returns.
JAPAN
Apr 29, 1997

Umeda Sky Building venue for German Import Fair

OSAKA -- The German Import Fair, the first ever of its type in Osaka, will be held at the Umeda Sky Building complex here from May 16 to 18.
JAPAN
Apr 25, 1997

Businesswomen discuss challenges of 21st century

Although the Japanese word for wife is "kanai," literally meaning "in the home," it should be changed to "kasoto," or "outside the home," said former Olympic gymnast and Upper House Councilor Kiyoko Ono in a speech April 25 to members of the 5th World Congress of Women Entrepreneurs.
JAPAN
Apr 25, 1997

NCB, Bankers Trust formally announce tieup

Nippon Credit Bank and Bankers Trust Company formally announced April 25 their agreement to collaborate on securitization of transactions and overseas financial business operations and to hold shares in each other.
JAPAN
Apr 25, 1997

Top strategist leaves Nomura

Nomura Securities Co.'s chief strategist, Atsushi Mizuno, will resign at the end of the month to take a similar position with the Tokyo operation of Deutsche Morgan Grenfell Capital Markets Ltd. on May 1, company sources said April 25.

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